Johnson & Johnson (JNJ) announced that its quarterly dividend will be raised by 6.1% from $0.66 per share to $0.70 per share. This dividend increase is the company’s 52nd consecutive annual increase. The new dividend is scheduled to be paid on Jun 10, 2014 to shareholders on record as of May 27, 2014, and ex-div date of May 22, 2014. The new dividend rate results in an annualized yield of 2.79% based on JNJ’s current stock price.
My portfolio consists of 15 shares of Johnson & Johnson, which increases my annual dividend raise from $39.60 to $42. My yield-on-cost is 3.26%.
Gotta love getting a raise. 🙂 What do you think of JNJ’s valuation here, trading with a P/E of 19? I’d like to add this company at some point to my portfolio, just doesn’t seem to want to pull back much here lately.
Best wishes,
SFZ
Hey SFZ,
I think its really expensive here – no matter how I look at it – P/E, Forward P/E, P/B. I am holding off for a better valuation and will be looking to add to my position.
regards
R2R
Love an increase although I was expecting $0.71. $0.70 is still a great 6% increase and I know that’s more than I’ll be getting from my employer this year.
Hi JC,
I was expecting $0.71 as well – closer to JNJ’s 5-yr average DGR. But I’ll take it 🙂
Happy investing
R2R
I own a couple shares myself (literally a couple lol), but every increase will help that compounding machine!
Its a start, Evan. Like I mentioned in the post, I own just 15 shares – but looking to add to my position…just looking for better valuation.
Thanks for stopping by and the comment
Best wishes
R2R
I have owned JNJ for a while now and this is the reason why I continue to do so. I love a pay raise just as much as the next man!
JNJ sure is a stalwart when it comes to dividend raises – 52 years in a row is quite a streak.
Happy investing and thanks for stopping by Marvin
Best wishes
R2R